Cheniere Energy, Inc. $LNG Shares Sold by Bridgefront Capital LLC

Bridgefront Capital LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,166 shares of the energy company’s stock after selling 3,738 shares during the period. Bridgefront Capital LLC’s holdings in Cheniere Energy were worth $1,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Cheniere Energy in the second quarter worth approximately $957,425,000. AustralianSuper Pty Ltd acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $142,688,000. Holocene Advisors LP acquired a new stake in shares of Cheniere Energy in the 2nd quarter valued at $107,319,000. American Century Companies Inc. raised its holdings in shares of Cheniere Energy by 32.6% in the 2nd quarter. American Century Companies Inc. now owns 1,729,359 shares of the energy company’s stock valued at $421,134,000 after purchasing an additional 425,106 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cheniere Energy by 21.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock valued at $475,633,000 after purchasing an additional 359,123 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Royal Bank Of Canada cut their price target on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Morgan Stanley set a $236.00 price target on Cheniere Energy and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. Wolfe Research set a $220.00 price objective on Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average price target of $264.39.

Cheniere Energy Trading Down 0.6%

Shares of Cheniere Energy stock opened at $252.44 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $218.91 and a 200-day simple moving average of $217.40. The stock has a market cap of $53.06 billion, a price-to-earnings ratio of 10.39 and a beta of 0.25. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $259.24.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, topping the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $4.33 EPS. Cheniere Energy’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were given a dividend of $0.555 per share. The ex-dividend date was Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is 9.14%.

Cheniere Energy announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.